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Are you ready to scrap the system and restart?  

Berkonomics

Make sure you include someone at least reasonably aware of AI or robotics developments and resources. Consultants, outsourcing, and scrapping the system [Email readers, continue here…] If internal resources cannot handle the solution, it is time to find an outside resource that can.

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Are YOU the bottleneck in your business?

Berkonomics

Every business has bottlenecks At many board meetings, I can be counted upon to ask , ā€œWhere’s the bottleneck this month?ā€ Senior management is usually prepared with an answer, and a good discussion of resource availability and application follows. Sometimes, the bottleneck is not so visible to the CEO.

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Bet the farm only when the crops are on fire!

Berkonomics

Occasionally, a CEO must make a decision that commits all the corporate resources to a successful outcome. Email readers, continue here…] Some of those bets were unbelievably successful, such as the introduction of the Ford Mustang.

Resource 156
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The last money has the first say.

Berkonomics

Something like a marriage (and often lasting just as long statistically), your investment partner can be a great cheerleader, coach and resource. Be careful about investor rights This important variation on money talks is an important consideration for entrepreneurs when seeking an investment from professionals such as VCs.

Coach 156
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Know your four ā€œP’sā€ to build business in a new year!    

Berkonomics

So, heres one to help you with squeezing the most out of your own available resources. And if there are people depending upon the output of that wrongly-placed individual, they too will suffer from reduced resources to complete their jobs. Email readers, continue here…] The second P is for productivity. Enough said.

Resource 156
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Entrepreneurs: Employment law is not on your side!  

Berkonomics

A punch in the gut Small companies most often scrape by with borrowed or invested funds, doing everything possible to grow and prosper with limited resources. So, it is like a punch in the gut when an employee makes a claim against the company for a perceived or actual violation of a law or regulation.

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The Scarcest Resource at Startups is Management Bandwidth

Both Sides of the Table

I always tell teams I meet with, ā€œThe scarcest resource in your company is management bandwidth. Sorry if you received an email with a draft version of this post. Every team I fund comes across as laser focused on their core mission. My advice? Spend it wisely.ā€ The best teams are hyper focused.

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